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MOV

Movado

$25.18

1 (4.14%)

06:55
11/26/19
11/26
06:55
11/26/19
06:55

Movado reports Q3 adjusted EPS 82c, one estimate $1.03

Reports Q3 revenue $205.6M, one estimate $220M. Efraim Grinberg, Chairman and CEO, stated, "This year we made the strategic decision to increase marketing investments to drive sales across our powerful portfolio of watch brands. While this effort led to market share gains, we fell short of our sales plan due to the category performing below our expectations as challenges intensified within the watch category and retail landscape, which combined with our increased marketing expenditures, impacted our results. We have updated our full year outlook to reflect our year-to-date performance and expectations for the fourth quarter. Although our results have not met our expectations, we remain excited about the initiatives that we have in place to support our brands for the holiday season." Grinberg continued, "We are introducing exciting newness, including our new Movado Connect 2.0, our Movado Bold Fusion collection and innovative product across our portfolio of licensed brands. Our marketing features a strong holiday television campaign for Movado, and the debut of MVMT's first national television campaign. These efforts, combined with our strategic growth initiatives, will help drive results for our ecommerce platform and our retail partners in the final quarter of the year. Our strong balance sheet which includes $116 million in cash gives us great flexibility to navigate challenges and continue to invest in support of our growth."

  • 26

    Nov

MOV Movado
$25.18

1 (4.14%)

11/29/18
IBBA
11/29/18
UPGRADE
IBBA
Outperform
America Movil upgraded to Outperform from Market Perform at Itau BBA
08/29/19
COWN
08/29/19
DOWNGRADE
COWN
Market Perform
Movado downgraded to Market Perform from Outperform at Cowen
Cowen analyst Oliver Chen downgraded Movado to Market Perform from Outperform.
08/29/19
COWN
08/29/19
DOWNGRADE
Target $22
COWN
Market Perform
Movado downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Oliver Chen downgraded Movado to Market Perform from Outperform. The analyst moved tot he sidelines given lower visibility into future growth, and a deceleration of revenue growth combined with expense de-leverage. He said key headwinds include, category pressures, US and International Wholesale challenges, consumer confidence risk, and tariffs. Chen lowered his price target to $22 from $40 on Movado shares.
08/29/19
08/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Box (BOX) downgraded to Neutral from Outperform at First Analysis and to Hold from Buy at Craig-Hallum. 2. G-III Apparel (GIII) downgraded to Hold from Buy at Stifel with analyst Jim Duffy saying his more cautious outlook reflects "shocks" to his fiscal 2021 earnings estimates from tariffs on China manufactured goods sold in the U.S. 3. Tapestry (TPR) and Movado (MOV) downgraded to Market Perform from Outperform at Cowen. 4. Solid Biosciences (SLDB) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying the stock has nearly doubled over the last month without anything fundamental changing, which has opened up a sell opportunity. 5. Casey's General Stores (CASY) downgraded to Underperform from Sector Perform at RBC Capital with analyst Irene Nattel citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

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Rocket says Phase 1 trial establishes feasibility of commercial Process B for FA »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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Argenx, Johnson & Johnson analyst commentary  »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

17:58
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Recommendations
Bluebird Bio, Johnson & Johnson, Amgen, Bristol-Myers, Regeneron analyst commentary  »

Piper says…

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

AMGN

Amgen

$233.74

0.3 (0.13%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

REGN

Regeneron

$372.26

4.02 (1.09%)

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BGNE

BeiGene

$186.89

-2.3 (-1.22%)

17:50
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LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

16:34
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Eli Lilly presents interim clinical data from LOXO-305 dose escalation trial »

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

16:32
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Bristol-Myers announces data from multiple liso-cel studies at ASH meeting »

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QURE

uniQure

$66.06

1.5 (2.32%)

16:26
12/08/19
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16:26
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uniQure reports 1-year follow-up data from etranacogene dezaparvovec study »

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  • 09

    Dec

FTSV

Forty Seven

$14.40

0.23 (1.62%)

15:56
12/08/19
12/08
15:56
12/08/19
15:56
Conference/Events
Forty Seven to hold an investor event »

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  • 09

    Dec

AQST

Aquestive Therapeutics

$8.02

-0.34 (-4.07%)

15:50
12/08/19
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15:50
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Conference/Events
Aquestive Therapeutics holds analyst & investor event w/conference call hookup »

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  • 09

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    Dec

APRE

Aprea Therapeutics

$26.20

1.995 (8.24%)

15:23
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12/08
15:23
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15:23
Conference/Events
Aprea Therapeutics to hold a clinical update meeting »

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  • 08

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    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

15:18
12/08/19
12/08
15:18
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15:18
Conference/Events
Blueprint Medicines to hold an anlayst and investor event »

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  • 08

    Dec

IFF

International Flavors

$142.03

0.21 (0.15%)

, DD

DuPont

$63.60

1.6 (2.58%)

13:47
12/08/19
12/08
13:47
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13:47
Periodicals
International Flavors in talks to buy DuPont nutrition unit, Bloomberg reports »

International Flavors…

IFF

International Flavors

$142.03

0.21 (0.15%)

DD

DuPont

$63.60

1.6 (2.58%)

KRYAY

Kerry Group

$0.00

(0.00%)

03/08/13
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CHWRF

China Tower

$0.00

(0.00%)

13:40
12/08/19
12/08
13:40
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13:40
Upgrade
China Tower rating change at Deutsche Bank »

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PRNB

Principia Biopharma

$37.30

0.86 (2.36%)

13:37
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Principia Biopharma analyst commentary at Stifel »

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DY

Dycom

$50.93

0.495 (0.98%)

12:48
12/08/19
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Syndicate
Dycom withdraws senior notes offering due to market conditions »

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  • 11

    Dec

IMV

IMV Inc.

$2.92

0.07 (2.46%)

12:30
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IMV announces updated results from Phase 2 study of DPX-Survivac »

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KURA

Kura Oncology

$15.67

0.48 (3.16%)

12:27
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Kura Oncology announces updates for lead drug candidate tipifarnib »

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  • 08

    Dec

PTLA

Portola Pharmaceuticals

$29.22

0.86 (3.03%)

12:24
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Portola presents interim results from Phase 2a study of cerdulatinib »

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  • 08

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11:25
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Conference/Events
Piper Jaffray biotech analysts to hold a KOL luncheon »

Biotech Analysts hold a…

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

10:49
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Fate Therapeutics announces vivo preclinical data for FT596 »

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STOK

Stoke Therapeutics

$28.91

3.99 (16.01%)

10:04
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Stoke Therapeutics presents STK-001 preclinical data in Dravet syndrome »

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AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

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Autolus announces new data highlighting progress on AUTO3 »

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  • 09

    Dec

AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

09:22
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Agios says proof-of-concept has been established for mitapivat »

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  • 09

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ZIOP

Ziopharm

$5.16

0.06 (1.18%)

09:20
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  • 08

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TGTX

TG Therapeutics

$7.11

-0.57 (-7.42%)

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TG Therapeutics reports triple therapy data from Phase I/II study of ublitux »

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  • 09

    Dec

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